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Section 722.5 Of Article 1. General Provisions From California Revenue And Taxation Code >> Division 1. >> Part 2. >> Chapter 4. >> Article 1.
722.5
. (a) Real property assessed by the board pursuant to Section
19 of Article XIII of the California Constitution on January 1, which
thereafter becomes subject to local assessment, shall not be
assessed locally during the remainder of the assessment year, except
as provided in Chapter 3.5 (commencing with Section 75) of Part 0.5
of Division 1.
(b) Personal property that becomes subject to board assessment after January 1, and real property that becomes subject to board assessment on or after January 1, and on or before the following January 1, shall not be state assessed until the assessment year commencing on the latter January 1.
(b) Personal property that becomes subject to board assessment after January 1, and real property that becomes subject to board assessment on or after January 1, and on or before the following January 1, shall not be state assessed until the assessment year commencing on the latter January 1.
